The dumbing of Australia

Article Abstract:

Australian research and development (R&D) is falling behind the rest of the world and, as a result, high-technology companies may be forced to develop technology overseas. R&D spending is down, and venture capital is growing slowly. R&D spending fell 4% to $4.04 billion in 1997-98 after a fall of 7.4% in 1996-97. Foreign venture capital investors may be deterred by Australia's capital gains tax (CGT). Only 12% of Australia's venture capital is foreign. $1.9 billion of American venture capital might be available if the CGT were abolished.

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Globalisation's real surprise

Article Abstract:

Australia is finally beginning to export jobs to India while the United States and Europe have been relocating jobs there for years.

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A shove for start-ups

Article Abstract:

The difficulties faced by start-ups in raising finance are discussed.

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